WEST PALM BEACH, Florida (AP) — Republican presidential front-runner Donald Trump appeared to be wrapping up a victory speech at his sprawling Mar-a-Lago club earlier this week when he turned to the negative ads flooding the airwaves against him.

By Steve Holland PALM BEACH, Fla. (Reuters) - U.S. Republican front-runner Donald Trump warned on Wednesday of riots if he is denied the party's presidential nomination and pulled the plug on a scheduled debate among candidates, raising the...

This time was always going to come, but in a little over one month HP is finally shutting down the cloud services which support its WebOS devices like the Palm Pre and HP Touchpad. This is terrible news, and marks a sure end to the usefulness of...

The U.S. macroeconomy is much closer to a normal state than it has been in five years, a Federal Reserve official said on Monday, adding that weak labor markets and low inflation are what is keeping accommodative monetary policy in place.

WEST PALM BEACH, FL--(Marketwired - June 04, 2014) - Sullivan Media Group, Inc. (SMG), one of the nation's leading media, marketing consultancy and advertising firms, has been appointed by NutraFuels, Inc. (PINKSHEETS: NTFU), a manufacturer and...

WEST PALM BEACH, FL -- (Marketwired) -- 04/24/14 --
Summer has arrived. Along with it come long sunny days and summer sports leagues. When selecting a team uniform with EmbroidMe, you will have the opportunity to choose from a variety of...

WEST PALM BEACH, FL--(Marketwired - April 24, 2014) - Florida's 4th District Court of Appeals upheld American Traffic Solutions (ATS) contractual role in processing red-light running violations for the City of Hollywood, reversing a lower court's...

PALM BEACH, FL--(Marketwired - April 23, 2014) - At the fourth annual
World LEADERS Conference held at the Palm Beach County Convention Center, the first ever
Servant Leadership Award
was presented to Paul N. Leone, president of
The...

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Palm Inc. (NASDAQ: PALM) sells smartphones (the Pre and Pixi) based on its Palm WebOS. In the U.S., Palm sells its phones through Sprint Nextel (S), Verizon Wireless, and AT&T (T). These companies compete for new contracts by giving customers device subsidies and changing the prices of data plans.[1] While Palm benefits from the widespread adoption of smartphones, the company's upside is limited by the need to work with the major telecommunication providers to determine prices.

Company Overview

Palm products are sold through select Internet, retail, reseller and wireless operator channels, and at the Palm online store. In the United States, Palm's largest customers are Sprint Nextel Corporation, Verizon Wireless, and AT&T, representing 43%, 17%, and 8% of the company's total revenue in 2008, respectively.

Palm webOS is a standards-based OS designed exclusively for mobile use. Palm webOS is designed to run on a variety of hardware form factors. Palm webOS supports a number of core capabilities such as contacts, calendar, tasks, memos, phone, browser, e-mail, messaging, camera, photo viewer and audio/video player. In conjunction with Palm webOS, services are offered which are delivered over-the-air including software updates, back-up and restore of certain data, remote erase of a device and access to the applications catalog.

Palm Pre

The Palm Pre is the first Palm smartphone to run on Palm webOS. The Palm Pre integrates Palm webOS software and Palm’s internally-designed hardware to optimize device performance and the user experience. Some of Palm Pre’s main features include high-speed connectivity, Wi-Fi 802.11 b/g, a slide-out QWERTY keyboard, a 3.1-inch touch screen, a “gesture area” where users make simple, intuitive gestures for navigation, a high-performance web browser, a 3-megapixel camera with LED flash, 8GB (approximately 7GB available to user) of internal storage, a MicroUSB connector with USB 2.0 Hi-Speed, proximity and light sensors and an accelerometer which automatically orients web pages and photos to the user’s perspective. The Palm Pre was made available to consumers through Sprint in the United States in June 2009 and Bell Mobility in Canada and Telefonica in Europe at the end of 2009.

Treo

Palm targets certain business customers with its Windows Mobile-based Treo Pro smartphone, introduced in August 2008. The Treo Pro provides an integrated Palm and Windows Mobile 6.1 solution for businesses that have standardized their operations on Microsoft software. The Treo Pro offers Microsoft Direct Push Technology, Microsoft System Center Mobile Device Manager, client support and access to applications available for Windows Mobile.

Manufacturing

A significant portion of Palm Pre, Centro, Treo and other assembled products are manufactured by outsourced partners, primarily in Taiwan and China.

Business and Financial Metrics

Total revenue for the quarter ended February 26, 2010, totaled $349.9 million. Gross profit and gross margin on a GAAP basis were $47.0 million and 13.4 percent, respectively. The company shipped a total of 960,000 smartphone units during the quarter, representing a 23 percent increase from the second quarter of fiscal year 2010 and an almost 300 percent increase versus the third quarter of fiscal year 2009. Net loss attributable to common stockholders for the third quarter of fiscal year 2010 was $(22.0) million, or $(0.13) per diluted common share. This compares to a net loss attributable to common stockholders for the second quarter of fiscal year 2010 of $(13.7) million, or $(0.09) per diluted
share, and to a net loss attributable to common stockholders for the third quarter of fiscal year 2009 of $(98.0) million, or $(0.89) per diluted common share.
﻿﻿﻿﻿

Trends/Forces

Neutral view

The business model: The vertical integrated, closed ecosystem model is not for small and weak players like Palm. Even NOK and RIMM would find it hard to thrive or even survive. Palm's model is more open than Apple, yet less so than Android.

So far, webOS applications have been small in number but growing steadily.

Through various financial maneuvers and public stock offerings, Palm has secured substantial amounts of capital with which to execute their goals. How far these funds go to sustain the company in the long run remains to be seen as clearly Palm is currently the smallest player at the table.

Palm Pixi could go great lengths to introduce new customers into the webOS ecosystem, mainly because of its low entry price by some retailers. It is inferior in many respects to the Pre, though Palm is expecting to have the same luck with entry-level smartphone consumers as they did with their popular Centro. The Palm Pixi can already be had for under $50 at multiple retailers, which is a better price point than that offered at launch by Sprint, at $99.

Verizon is currently pushing its hero device, the Motorola Droid, though the Palm Pre will release on Verizon in early 2010. It remains to be seen if they will employ the same kind of marketing muscle they applied for the Droid.

Still, there is the bottom line: Palm has $750 debt due in 2014, and if sales fail to generate cash flow, it will face death by then. Whether they will achieve sustained growth to meet that and thrive will play out in the ensuing months.

Carrier relationships critical to Palm device sales

Telecoms such as AT&T (T), Sprint Nextel (S), and Verizon Communications (VZ) are often the actual vendors for Palm's goods. These companies charge long term subscription fees on the service, and therefore subsidize the phones in exchange for multi-year contracts. This means Palm's telecom partners decide which technologies and smart phones to sell, putting a middleman between the company and consumers. In addition, each additional contract agreement with a telecom promises to help revenues, as more subscribers will pick up phones. For example, on June 12, 2008 Palm announced that it had landed a contract for the Centro on Verizon Communications (VZ) network, and the company's stock jumped 13%.[3]
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Increasing device sophistication and convergence of cameras, phones, and PDAs

Not much more than a decade ago in the 1990's, expectations for digital devices were very different, with little market penetration for digital cameras, cell phones, or PDAs. However, each of these devices has become an important consumer electronic in its own right. The PDA and cell phone converged into the Smart phone, which is slowly taking share from non-smart phones. More and more phones also have an integrated camera. Finally, more devices also have internet capability, delivering rich media such as video and music to the end user.
Estimates of the smart phone market suggest it is growing at approximately 30% a year, compared with overall cell phone market, which is growing in the single digit percentages by revenues.[4] Much of this is caused by the lowering price points of the smart phones, which make them more accessible to consumers, so consumers buy them to replace their aging non-smart phones. For example, for Palm's new $99 Centro product, 70% of its new buyers upgraded from a non-Smart phone.[5]